Uzbekistan recorded a Current Account deficit of 7 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Uzbekistan averaged 1.43 percent from 1992 until 2018, reaching an all time high of 9.18 percent in 2006 and a record low of -7.98 percent in 1993. This page provides - Uzbekistan Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uzbekistan Current Account to GDP - values, historical data and charts - was last updated on July of 2020.

Current Account to GDP in Uzbekistan is expected to reach -9.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uzbekistan Current Account to GDP is projected to trend around -6.50 percent in 2021 and -4.50 percent in 2022, according to our econometric models.

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Uzbekistan Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.60 -7.00 9.18 -7.98 1992 - 2019 percent Yearly

Uzbekistan Trade Last Previous Highest Lowest Unit
Balance of Trade -4291.70 -2808.00 2015.50 -4291.70 USD Million [+]
Current Account -2769.00 -3231.00 2621.00 -3231.00 USD Million [+]
Current Account to GDP -5.60 -7.00 9.18 -7.98 percent [+]
Imports 17968.80 11245.60 17968.80 795.80 USD Million [+]
Exports 13677.00 8437.60 14322.70 1386.80 USD Million [+]
Terrorism Index 0.02 0.04 4.20 0.00 [+]
Gold Reserves 338.10 332.18 367.00 327.83 Tonnes [+]
External Debt 17629836.37 17707670.00 17707670.00 59702.00 USD Thousand [+]
Crude Oil Production 40.00 40.00 118.00 38.81 BBL/D/1K [+]


Uzbekistan Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.